Central Bank of Russia News

The Central Bank of Russia has disclosed that nearly half of the financial fraud schemes within the country in the previous year leveraged cryptocurrency and foreign currencies for payments. Notably, the central bank made this disclosure in a report detailing…

The Central Bank of Russia and the country’s Ministry of Finance recently agreed on a bill proposing the use of cryptocurrency for cross-border payments.

Earlier today, a local source reported that the Ministry of Economy has proposed legalizing BTC mining in select areas. It proposed that the areas that have surplus power generation should be allowed to mine cryptocurrency and the government to tax crypto trades.

Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project. Leveraging Blockchain for Mortgage Issuance According to a report by a local news outlet, Ria, on Thursday (May 28, 2020),…

The crypto landscape in Russia may soon be facing harsh laws as authorities have proposed new draft bills that seek to fine and imprison the illegal use of cryptocurrencies in the country.  Crypto Violations Attract $28,000 Fine and 7 Years…

Russia is seemingly taking giant strides in adopting blockchain technology. The country’s latest blockchain push would see the Russian banking giant Sberbank and the National Settlement Depository monitor an Initial Coin Offering (ICO) on a state-developed blockchain. Russia’s Blockchain Push…